MIRA INFORM REPORT

 

 

Report Date :

22.08.2012

 

IDENTIFICATION DETAILS

 

Name :

AGRO TRAC LANKA (PVT) LTD

 

 

Registered Office :

# 214, Sri sangaraja Mawatha, Colombo-10

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

15.05.2000

 

 

Com. Reg. No.:

PV 7955

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Importer & Distributor of Tractors, implements and spare parts

 

 

No. of Employees :

25 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

 

Status :

Moderate

Payment Behaviour :

Unknown

Litigation :

Clear

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com  while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Sri Lanka

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GENERAL

- Basic information at a glance

     

Name of Subject of Inquiry

:

 

AGRO TRAC LANKA (PVT) LTD

 

Legal Form  & Status

:

Private Limited Liability Company  (In Operation)

Chairman

:

Ranapala Seneviratne

Primary Line of Business

:

Importer & Distributor of Tractors, implements and spare parts.

 

 

Head office

&

Place of Business

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

# 214, Sri Sangaraja

 Mawatha,

 Colombo 10.

 

Tel. No: (00 94 11) 244 5716

Fax No: (00 94 11) 233 0957

 

Email: info@nandhatrac.co

Web: www.nandhatrac.com

 

Location: Owned

 

Stores

 

 

 

 

 

 

#.211/A, Gonawala Road,

Kelaniya,

Sri Lanka.

 

Tel. No: (00 94 11) 290 8252

 

 

 

No. of Employees

:

25

           


COMPANY DETAILS 

- Registration and Shareholder Details

 

Registration No

:

N(PVS) 26097                             

Date of Registration

 

15th May  2000

Re-registration No

:

 PV 7955

Date of Re-registration

 

08th October 2008

Registered Office

:

# 214, Sri sangaraja Mawatha, Colombo-10

Board of Directors

As at

31st December 2011

:

Ranapala Seneviratne

Chairman

Kanthi Seneviratne

Director

Thusitha Asanga Seneviratne

Director

Harshi Asanga Seneviratne

Director

Issued Share Capital

:

Rs.    100,000.00          

Nominal Value of Share

:

Rs.         1000.00                

 

Share Holders

As at

31st December 2011

:

Share Holders

No. of

Shares

Ranapala Seneviratne

60

Kanthi Seneviratne

20

Thusitha Asanga Seneviratne

20

Auditors

:

Nadesapilai & Company

Company Secretaries

:

Komseky (Pvt) Ltd

Bankers

:

Bank of Ceylon

 

 

FINANCIAL DETAILS

- Most recent available Financial Information

 

THE COMPANY HAS DECLINED TO PROVIDE INFORMATION ON ITS FINANCES

                                                                                   

Based on the corporate laws of Sri Lanka, legal entities which are Private Company with   Limited Liability is not required to make public disclosure of their annual financials. Therefore no financials are available for this entity

 

CURRENT INVESTIGATION                      

 

History

The Subject Company AGRO TRAC LANKA (PVT) LTD is a Private    Limited   liability Company incorporated on 15th May 2000 under registration number N (PVS) 26097 and then the company was re-registered on 08th October 2008 under registration number PV 7955.

 

The subject company AGRO TRAC LANKA (PVT) LTD is a subsidiary company of the Nandha Trac Motors (Pvt) Ltd.

 

Location.

The Subject company stores located at client given address #.211/A, Gonawala Road,

Kelaniya. Head Office Located at  # 214, Sri Sangaraja Mawatha Colombo 10.

 

Operational Details.

 

General

The subject company primary line of business is Importer & Distributor of Tractors, implements and spare parts.

 

Products

Two wheel tractors, Four wheel tractors, Mini Combined Harvesters and Spare parts

 

                              

Country

China, India

 

Employees

25 employees

 

Directors Details

 

01)

Name

Ranapala Seneviratne

ID Number

432730662 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

29th September 1943

Age

68 Years

 

 

02)

Name

Kanthi Seneviratne

ID Number

576401990 V

Nationality

Sri Lankan

Gender

Female

Date Of Birth

19th May 1957

Age

55 Years

 

03)

Name

Thusitha Asanga Seneviratne

ID Number

752811393 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

7th October 1975

Age

36 Years

 

04)

Name

Harshi Asanga Seneviratne

ID Number

897620464 V

Nationality

Sri Lankan

Gender

Female

Date Of Birth

18th September 1989

Age

22 Years

 

Information Parted By:

Name               : Mr. Sujit

Designation     : Accounts Executive

Mobile No.       : (009411) 2445716

Date                 : 21.08.2012

 

Financial Data

The company has declined to provide information on its finances

 

Based on the corporate laws of Sri Lanka, legal entities which are Private Company with Limited Liability is not required to make public disclosure of their annual financials. Therefore no financials are available for this entity

 

Trade references

The subject company did not provide any trade reference referrals

 

Credit Recommendations

Since no financial information has been forthcoming from the company, it is not possible to comment on the merits or otherwise of the company.

 

No computerised data bases exist to make checks whether the partners or the company has any legal action or lawsuit initiated against any of them but informal (but not in-depth) checks do not indicate any such cases in the public knowledge.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.54

UK Pound

1

Rs.87.39

Euro

1

Rs.68.72

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.